Westworld Community Healthcare Inc., a Lake Forest-based operator of rural hospitals and clinics, reported net income of $65,000 for the third quarter, down 93% from $999,000 for the third quarter of 1985. Most of the small profit came from a corporate cost-control program that included the layoff of about 200 employees during the third quarter.
The company also said that it is considering a restructuring of its $65 million in long-term debt.
Westworld said that third-quarter revenue from patient services was $48.97 million, up 26% from revenue of $38.8 million for the same period a year ago. The increase came primarily from recently acquired facilities.
For the first nine months of 1986, Westworld had a net loss of $1.8 million, compared to net income of $2.67 million for the same period of 1985. Revenue rose 61% to $148.6 million from $92.2 million.
Although Westworld's third-quarter results were down substantially, Vice President Glenn Caster said the company achieved a turnaround from its second quarter, when it lost $3.1 million.